Below is a look at week-to-date, quarter-to-date, and year-to-date performance numbers across asset classes using US-listed ETFs. While this week started off with a big drop for stocks on Monday, equities have bounced back nicely and are sitting on WTD gains of ~1%. The Nasdaq 100 (QQQ) and Russell 2,000 (IWM) are up the most on the week, but IWM remains down 4.7% on the month and up 11.8% on the year. That 11.8% YTD gain is the weakest of the main US index ETFs.
Growth ETFs are outperforming value ETFs this week, and the DJ Dividend ETF (DVY) remains down 0.8% on the week. Even with this week’s declines, DVY has been one of the best style ETFs on a year-to-date basis. Looking at sectors, the two main defensives (Utilities and Consumer Staples) are still in the red this week, and they’re up less than any other sectors on the year. Consumer Discretionary (XLY) and Technology (XLK) have done the best this week, while their YTD returns sit right in the middle of the pack. Energy (XLE) and Financials (XLF) remain the two best sectors on the year even though they’ve been consolidating for the past couple of months.
Outside of the US, we’ve seen the biggest gains for Canada (EWC) and Spain (EWP) this week, while Brazil (EWZ) and Mexico (EWW) are the two countries furthest in the red. While the developed world ETFs (EFA, IOO, CWI) are up this week, emerging markets ETFs like EEM and BKF are down. In terms of YTD performance, the Global 100 (IOO) is handily outperforming emerging markets (EEM).
In the commodity space, the natural gas ETF (UNG) is up sharply this week with a gain of 8.7%. This week’s gains have boosted UNG’s YTD move above the 50% mark. The oil ETF (USO) is up the second-most on the year of the commodity ETFs listed with a gain of 48.95%. The broad commodities ETF (DBC) is also up sharply on the year at +29.6% even though the two main precious metals (GLD, SLV) are down 4-5%.
The two main crypto exchange-traded products — GBTC and ETHE — have finally bounced a bit this week with gains of 3-4%. They’re still solidly red on the month, although ETHE is still up 19.4% on the year. GBTC, on the other hand, remains down 15.5% year-to-date. Start a two-week trial to Bespoke Premium if you’d like to read our weekly Bespoke Report newsletter published every Friday afternoon.